Today: 2 May 2026
Bitcoin price jumps above $94,000 as Coinbase stock rallies; payrolls report is next test

Bitcoin price jumps above $94,000 as Coinbase stock rallies; payrolls report is next test

New York, January 5, 2026, 17:15 EST — After-hours

Bitcoin jumped about 3.3% to $94,191 on Monday, trading near the top of its intraday range in late U.S. hours.

Traders pinned part of the move on a burst of risk-taking after the United States said it struck Venezuela and captured President Nicolás Maduro over the weekend. Some investors said markets often swing back to risk-on once a conflict begins, even as headline risk stays elevated.

U.S. stocks ended higher, with the Dow closing at a record, and crypto-linked shares advanced as bitcoin hit a more than three-week high, Reuters reported. Markets are pricing about 60 basis points — 0.60 percentage point — of Federal Reserve easing in 2026.

Economic signals stayed mixed. Data showed U.S. factory activity contracted further in December, while Minneapolis Fed President Neel Kashkari said monetary policy was near neutral and would depend on incoming data.

Other major tokens moved with bitcoin. Ether rose about 3.2% to $3,237 and XRP climbed about 11.5% to $2.33.

In after-hours trading, Coinbase was up about 7.8% at $254.92 and Strategy rose about 4.8% to $164.72. Bitcoin miners Marathon and Riot were up about 7.0% and 4.4%, while the iShares Bitcoin Trust ETF — a spot fund that tracks the token’s price — gained about 4.9%.

“Ousting Maduro is not a direct bullish catalyst” for bitcoin, Dean Chen, an analyst at crypto derivatives exchange Bitunix, told Investopedia. He said the episode still underlined crypto’s utility when sanctions and capital controls restrict moving money across borders. Investopedia

Coinbase also drew support after Goldman Sachs upgraded the stock to Buy and lifted its price target to $303, citing faster-growing infrastructure-style businesses such as custody and other services, Investing.com reported.

But bitcoin remains prone to sharp reversals if bond yields rise or the Fed’s path shifts, and the Venezuela crisis adds another layer of geopolitical uncertainty. Crypto-linked stocks often magnify the token’s swings, cutting both ways.

Next up is Friday’s U.S. nonfarm payrolls report — the monthly count of jobs added outside agriculture — due Jan. 9 at 8:30 a.m. ET. Traders will also look ahead to the Fed’s Jan. 27-28 meeting for updated guidance.

Stock Market Today

  • Nifty Charts Signal Consolidation; Analyst Sudeep Shah Shares Strategy on Stocks
    May 2, 2026, 2:18 PM EDT. Indian equities faced broad-based selling pressure as volatility surged, dragging the Nifty 50 down 0.74% to 23,997.55 and the Sensex 0.75% to 76,913.50. The India VIX, a measure of market volatility, rose 5.86% to 18.46. Sudeep Shah of SBI Securities said the Nifty is consolidating within 23,798 and 24,335 due to factors like Brent crude price rises, US-Iran ceasefire uncertainties, and rupee weakness. Key levels include resistance near 24,350 and support around 23,750. Shah noted May's historical performance is mixed, contrasting April's 7% rally, suggesting caution amid expected volatility. His strategy includes focused watch on stock-specific moves in sectors like banking and autos amid mixed market signals.

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